Laserfiche WebLink
14 <br /> <br />as a paying agent herefor, may treat and consider the person <br />n whose name this note is registered as the absolute owner <br />hereof for the purpose of receiving payment of, or on <br />account of, the principal hereof and interest hereon, and <br />for all other purposes whatsoever. <br /> <br /> This note is the only note of an issue of notes <br />aggregating nine million five hundred thousand dollars <br />($9,500,000) in principal amount issued in anticipation <br />of the issuance of a like principal amount of general <br />obligation bonds by the City for the purpose of appropriating <br />the proceeds from the sale thereof and transferring the same <br />to the Charlottesville Redevelopment and Housing Authority <br />for use by the Authority in the furtherance of its public <br />purposes and objectives, under and pursuant to and in full <br />compliance with the Constitution and statutes of the Common- <br />wealth of Virginia, including Chapter 5 of Title 15.1 of the <br />Code of Virginia, 1950, as amended (the same being the Public <br />Finance Act), the Charter of the City, as amended, and an <br />ordinance and proceedings of the Council of the City duly <br />adopted and taken under such Chapter 5. <br /> <br /> It is certified, recited and declared that all acts, <br />conditions and things required to exist, happen or be <br />performed precedent to and in the issuance of this note do <br />exist, have happened and have been performedin due time, <br />form and manner as required by law, and that the amount of <br />this note, together with all other indebtedness of the City, <br />does not exceed any limitation of indebtedness prescribed <br />by the Constitution or statutes of the Commonwealth of <br />Virginia or the Charter of the City. <br /> <br /> The full faith and credit of the City are irrevocably <br />pledged to the punctual payment of the principal of and <br />interest on this note as the same become due. <br /> <br /> IN WITNESS WHEREOF, the City has caused this note to <br />be executed by the manual signatures of its Mayor and City <br />Treasurer, the corporate seal of the City to be affixed <br />hereto, attested by the manual signature of the Clerk of <br />Council of the City; and this note to be dated as of April <br />29, 1985. <br /> <br />Attest: <br /> <br />Mayor <br /> <br />Clerk of Council <br /> <br />(SEAL) <br /> <br />City Treasurer) <br /> <br /> 6. The Note shall, as soon as practicable, be <br />prepared, executed and delivered at the expense of the <br />City to the Purchaser in accordance with the provisions of <br />the Bond Ordinance and this resolution and upon payment of <br />the full purchase price for the Note. The proceeds of sale <br />of the Note shall be applied to the purpose for which the <br />bonds in anticipation of which the Note is being issued were <br />authorized to be issued under the Bond Resol~ution. <br /> <br /> 7. This resolution is adopted in lieu of and sub- <br />stitution for that resolution adopted by the Council on <br />October 27, 1983, entitled "RESOLUTION AWARDING THE <br />$9,500,000 GENERAL OBLIGATION BOND ANTICIPATION NOTES OF <br />THE CITY OF CHARLOTTESVILLE." The Council hereby finds <br />and determines that (i) the notes sold pursuant to the <br />aforesaid resolution were never delivered; (ii) no notes <br />have been issued pursuant to the Bond Ordinance; and (iii) <br />the variations in this resolution with respect to the Note <br />sold pursuant hereto from the provisions for the sale of <br />notes contained in the Bond Ordinance, i.e., delivery of <br />the Note in fully registered form rathe~'~han bearer form <br />and the form of Note provided in paragraph 5 hereof rather <br /> <br /> <br />